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RD Calculator - Recurring Deposit Interest & Maturity Calculator

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Enter details
$
%
years
ResultUpdates as you type
Maturity amount$200,686.49
Total invested amount$180,000.00
Total interest earned$20,686.49
Invested vs Interest
  • Invested amount89.7%
  • Interest earned10.3%
Recurring Deposit Growth Timeline
  • Total balance
  • Invested amount
$0$62.5K$125K$187.5K$250K0123

Calculate recurring deposit (RD) maturity value, total invested amount, and interest earned with monthly compounding schedules.

A Recurring Deposit (RD) allows you to deposit a fixed amount every month while earning compound interest. Calculate your RD maturity value and interest earnings effortlessly.

What is an RD Calculator?

A Recurring Deposit (RD) calculator is a tool designed to estimate the maturity value of monthly savings deposited in a recurring deposit scheme. It helps disciplined savers plan short to medium-term financial goals by forecasting total savings and interest returns.

Why Choose a Recurring Deposit?

  1. Disciplined Savings: Build a habit of investing a fixed sum every month.
  2. Guaranteed Returns: Unlike stocks or mutual funds, RDs provide fixed, risk-free interest rates.
  3. Flexible Options: Tenure options typically range from 6 months up to 10 years.

How to use

  1. Enter your monthly deposit amount.
  2. Input the annual interest rate offered by your bank.
  3. Select the tenure in years.
  4. View total invested capital, total interest, and final maturity amount.

Formula

Recurring deposit returns are calculated by compounding each monthly installment over its remaining duration.

RD Maturity Amount FormulaM = P × ((1 + r/4)^(4n/12) − 1) / (1 − (1 + r/4)^(-1/3))M = maturity amount, P = monthly deposit, r = annual interest rate, n = number of months.
Total InvestedTotal Invested = P × nSum of all monthly deposits over the tenure.

Worked examples

$500/month RD at 7% p.a. for 3 years

Depositing $500 every month for 3 years (total $18,000 invested) at 7% interest yields a maturity value of approximately $20,086.12 ($2,086.12 interest).

$1,000/month RD at 6.5% p.a. for 5 years

Investing $1,000 monthly for 5 years ($60,000 total) at 6.5% grows to $70,892.45.

Frequently asked questions

What is a Recurring Deposit (RD)?

A Recurring Deposit is a term deposit that allows investors to make regular monthly deposits and earn interest until maturity.

How is RD interest calculated?

RD interest is compounded quarterly based on the tenure of each monthly installment deposited into the account.

Can I withdraw money from an RD before maturity?

Premature withdrawal is usually permitted by banks, but it may attract a penalty fee or lower interest rate.

What is the main difference between RD and SIP?

RDs offer fixed, guaranteed interest rates backed by banks, while Mutual Fund SIPs are market-linked with fluctuating returns.

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